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Mar 26, 2013
03/13
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economy, they will go where they need to go. if governor period texas can't attract business and is good for texas and good for period sounds like a short-term bribe. >> you could always wonder if what you did for samsung do for us. >> this creates a cycle that you could call this extortion if you try to seek a better deal to get concessions where you are. but mark my words sam stone -- samsung is thing they are it is a benefit to be in silicon valley a huge pipeline of future talent. neil: but that is the issue. people are leaving. >> not as huge but mark my words this is their attempt to make business bottom line a little bit friendlier for staying in they are extorting the city of san jose and others will follow suit. >> extortion? it is of serious point* but they probably don't have the money. that is what happens to the cities that do that -- to this especially in california, it hurts the city. they come back with services but to the point* that as a shareholder i want to do what is best for the country and in order of prof
economy, they will go where they need to go. if governor period texas can't attract business and is good for texas and good for period sounds like a short-term bribe. >> you could always wonder if what you did for samsung do for us. >> this creates a cycle that you could call this extortion if you try to seek a better deal to get concessions where you are. but mark my words sam stone -- samsung is thing they are it is a benefit to be in silicon valley a huge pipeline of future...
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Mar 26, 2013
03/13
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the economy in cyprus, is going to continueo drop. 10 to 20% is likely. this is a country thatas glowerrishing before -- fluorishing before i joined eurozone, but now cyprus is taking a hair cut forreece, and greece for cyprus, and the troika is coming in to help. you cannot just jump out at this time. yet there is no room for nail failure, they are not printing more money, they will severe draconian measured. severe austerity, one country at a time, in the meantime people are weeping, imagine everything you have known to b true, is not true any more. neil: if you think about it, ty. you are a big investor, and world renounce, a lot of folks in europe, their bank acount is everything, their savings are there their vestments are in glorifies pass book savings account, that is it. so a trust has been broken to say nothing of the trust in european club, to keep it going. i think when you let people down, when you scare them, when you break a trust of confidence it is really katie bar the door, isn't it? >> i don't think there is any question about that when
the economy in cyprus, is going to continueo drop. 10 to 20% is likely. this is a country thatas glowerrishing before -- fluorishing before i joined eurozone, but now cyprus is taking a hair cut forreece, and greece for cyprus, and the troika is coming in to help. you cannot just jump out at this time. yet there is no room for nail failure, they are not printing more money, they will severe draconian measured. severe austerity, one country at a time, in the meantime people are weeping, imagine...
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Mar 21, 2013
03/13
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the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about,hat ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in the statement. very mch shrugged it off. he basically said we could use a little bit more inflation right now? >> absolutely. >> he should shrug it off. i completely disagree with that. what the economy needs is employment and employment will lead to wage growth. then we can start worrying about inflation the adpri -- agree with earn about key the bigger risk they pull back too early and once again we see momentum slip away. this is a fragile recovery the upside of them being wrong so often that they actually acknowledge it and try and adjust. so the
the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about,hat ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in...
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Mar 19, 2013
03/13
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way ahead of the economy. the economy is not doing badly. >> neil: what is behind the companies spending all this cash in apple's case, hiking its dividend, and everything else? they're doing something didn't used to do. are you encouraged by that? look can how they're spending that? >> well, hiking the dividends, increasing the buybacks don't increase competitiveness. so if you don't get demand in this economy, don't get growth this, whole idea about jobs -- we have this conversation all the time. people talking about, let's have more job. why aren't people hiring? because we don't have the demand, and we've got to create a society that looks at growing the pie, making the pie bigger, getting gdp up to 3-1/2 to 4%, and letting everybody benefit from the growth. that what we're after. >> neil: you were back running ge and you vastly expanded that empire -- you would not be inclined to expand plant equipment, maybe if you had a cash to work with you would you do the stuff apple is doing, the kind of stuff comca
way ahead of the economy. the economy is not doing badly. >> neil: what is behind the companies spending all this cash in apple's case, hiking its dividend, and everything else? they're doing something didn't used to do. are you encouraged by that? look can how they're spending that? >> well, hiking the dividends, increasing the buybacks don't increase competitiveness. so if you don't get demand in this economy, don't get growth this, whole idea about jobs -- we have this...
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Mar 25, 2013
03/13
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economy, like it or not. but also a loss of productivity for businesses. when schools are closed, parents can't go to work, and it may be a day off but it's no vacation for the parents, and that's a lot of productivity in the work place. this most recent storm happens at quarter end. and some of those days are lost. >> also, municipalities are going to be affected. we know that state and local government have absolutely been desmated by rising healthcare costs, rising pension benefits they're paying out to retirees. this is the last strom they're paying what is left for snow removal, and they may have to ask for more money. the only silver lininges it forces families to stay home. have that dinner table conversation they might rather not have. they're all stuck in a dark room and can't use electronics. so there's so positives. >> neil: there is that. i'm wondering, this whole first quarter of the year has been buffetted by one storm after another and i'm wondering how it's going to affect the overall economy in terms of gdp and big data we get. will it be
economy, like it or not. but also a loss of productivity for businesses. when schools are closed, parents can't go to work, and it may be a day off but it's no vacation for the parents, and that's a lot of productivity in the work place. this most recent storm happens at quarter end. and some of those days are lost. >> also, municipalities are going to be affected. we know that state and local government have absolutely been desmated by rising healthcare costs, rising pension benefits...
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Mar 18, 2013
03/13
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economy remains pretty good. it's a safe haven. the dollar has done better relative to lots of other things. the u.s. is a pretty good place to be including with the cypress event. cheryl: you know, if you look at -- well, okay, first we're looking at gdp. obviously, they've got a massive unemployment problem, 1.1 million people on the small island rocking global markets, but this bailout plan, i think that is where the spook kind of came from. a lot of russian money, a lot of wealthy russian investors have their money parked in cypress banks. is that kind of what's got european investors nervous, the running, you know, running towards spain and italian bonds or is something else going on? >> well, i think there's no question that, um, the size of the economy as was reported earlier, that doesn't matter a whole lot. it's all about the connection to europe and the euro. and as you know, anytime somebody says i've got a deposit and somebody says i'm going to take some away from you, boy, that does a whole lot to scare people away, an
economy remains pretty good. it's a safe haven. the dollar has done better relative to lots of other things. the u.s. is a pretty good place to be including with the cypress event. cheryl: you know, if you look at -- well, okay, first we're looking at gdp. obviously, they've got a massive unemployment problem, 1.1 million people on the small island rocking global markets, but this bailout plan, i think that is where the spook kind of came from. a lot of russian money, a lot of wealthy russian...
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186
Mar 20, 2013
03/13
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CNBC
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these would be the economy to me. and then i look at the housing permits, and i look at the bills, and i look at lennar and i think, boy, the fed has a tough job, just a tough job because a lot of the economy is terrible. employment is not that great but mortgage rates are so low that people are building houses again. they have a tough job. i don't know how they're going to pull it off. >> there's so much data to sift through. it's hard to know what to latch onto. >> let's talk about cyprus. the interest rates were headed higher. if
these would be the economy to me. and then i look at the housing permits, and i look at the bills, and i look at lennar and i think, boy, the fed has a tough job, just a tough job because a lot of the economy is terrible. employment is not that great but mortgage rates are so low that people are building houses again. they have a tough job. i don't know how they're going to pull it off. >> there's so much data to sift through. it's hard to know what to latch onto. >> let's talk...
165
165
Mar 22, 2013
03/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before inveing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna bour brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and ing it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines e now powering some of america's biggest cities. siemens. answers. you are gonna need a wingman. and with my cash back, you are money. forget him. my airline miles will take your game worldwide. what i'm really looking for is -- i got two words for you -- re-wards. ♪ there's got to be better cards than this. [ male announcer ] there's a better way with creditcards.com. comp
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before inveing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna bour brother's keeper. what's number two we...
103
103
Mar 22, 2013
03/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their busi
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number...
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Mar 20, 2013
03/13
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the economy is improving. we get to the next problem with is building up the balance sheet in a way that will make it hard to tighten when they need to tighten. >> the fact is you're siding with santelli over me but in a more polite way. one of the keys to what you're saying and i have a counter to this, maybe let you say it which is that you think the issue of taking money away from savers by lowering interest rates is something that hurts the economy and consumer spending more than lower interest rates create spending and helps the economy. >> yes. because first of all if you look at consumer interest income and consumer interest expense, consumers actually have more interest bearing assets an they do interest bearing liabilities. the key is liabilities are fixed rate at this stage or most are because of fixed rate mortgages. if you allow interest rates to go up, you push more none inmon the consumer sector than your cost to consumer sector and older americans live off cds and if you push up the income more,
the economy is improving. we get to the next problem with is building up the balance sheet in a way that will make it hard to tighten when they need to tighten. >> the fact is you're siding with santelli over me but in a more polite way. one of the keys to what you're saying and i have a counter to this, maybe let you say it which is that you think the issue of taking money away from savers by lowering interest rates is something that hurts the economy and consumer spending more than...
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Mar 26, 2013
03/13
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more uncertainty in this global economy. >> neil: thank you, greg. you know something is going on in sign press just changed over the last 24 hours, new villain in town and it's the banks. so the government has successfully managed to keep the focus on the evil banks, even when you consider the fact that the banks are really doing things the government -- at the government's behest but might find a little odd that the head of cyprus bank had to resign, and the president of the country is looking at a formal criminal probe into bank activity ahead of this. how familiar and similar does that sound to what happened here? i don't know, right after the big meltdown. i'm not the only one having a case of deja vu. so is my friend jerry willis from the fox business network. jerry, i don't think banks are saying this but there are american few sinners here. >> the government bureaucrats have failed on every count. the blew the negotiations with the iu, thought they would get money out of russia, didn't work, and now they're micromanaging the banks. the money
more uncertainty in this global economy. >> neil: thank you, greg. you know something is going on in sign press just changed over the last 24 hours, new villain in town and it's the banks. so the government has successfully managed to keep the focus on the evil banks, even when you consider the fact that the banks are really doing things the government -- at the government's behest but might find a little odd that the head of cyprus bank had to resign, and the president of the country is...
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Mar 22, 2013
03/13
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banking system, to be as large relative to our economy as the cyprus banking system is to their economy, we would need 45 more jpmorgans in order to have that sizes of the economy. there's somewhere else comparable. the only place they could go was deposits. the big mistake was going after uninsurance -- i mean insured deposits. >> i think i told that from you. that is a good point, but i think i stole it from you. >> the serendipitous part of this for me is that all the countries that are in trouble are like in southern europe for you. you're not in finland, you're not if poland. all the trouble is -- >> beautiful places, joe. >> that's good. that's really good. and then when i said -- >> i do frequently say to myself thank goodness this isn't happening in azurbashaun. >> you have to get there. you're doing it for us and we really appreciate it. >> wait, wait. if this country does leave the euro, we want to see that. we want to document that. >> no, i was just saying because it's not affecting our markets doesn't mean that you shouldn't be there. and we're glad that you are there. >> r
banking system, to be as large relative to our economy as the cyprus banking system is to their economy, we would need 45 more jpmorgans in order to have that sizes of the economy. there's somewhere else comparable. the only place they could go was deposits. the big mistake was going after uninsurance -- i mean insured deposits. >> i think i told that from you. that is a good point, but i think i stole it from you. >> the serendipitous part of this for me is that all the countries...
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Mar 24, 2013
03/13
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FBC
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and your h're not seeing it-- >> the moving service economy which unions have. >> go ahead, adam. >> charlie was making an interesting point and i think i can help him here because the deal you said earlier, why why don't unions give in to the weight of the private sector employees have given in. well, the fact of the matter is. a lot of people watching this understand that. those benefits aren't very good sometimes so i don't fault the union leadership for saying-- >> private sector on everything from health care, to-- >> and we don't want our members to-- >> well, guys, here let me finish. a thousand jobs, a thousand workers, the private sector guys getting screwed for the jobs or you could have a hundred guys getting lavish benefits because that's all the company can afford. >> and what about the numbers, charles. >> what we're forgetting that we as taxpayers fund at least in the case of the public union members, their benefits. their incredibly generous benefits compared to ours. we're paying for them. we fork over the money and pay the bills. and i think that's the a distinction
and your h're not seeing it-- >> the moving service economy which unions have. >> go ahead, adam. >> charlie was making an interesting point and i think i can help him here because the deal you said earlier, why why don't unions give in to the weight of the private sector employees have given in. well, the fact of the matter is. a lot of people watching this understand that. those benefits aren't very good sometimes so i don't fault the union leadership for saying-- >>...
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Mar 18, 2013
03/13
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FOXNEWSW
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we all know the bad numbers out of the economy in the last couple quarters, being run over by some of these media folks -- look no further than the unemployment rate which is a fancy way of saying all the people that are either parttimers that want fulltime, or all the people that have just been so discouraged, they have given up looking for work. the number is over 14%. so while the unmomentum rate is celebrated at a post recession low, we're still about mid-teens for unemployment as a real term. >> neil: let me ask you this. when so many states are seeing for some a sudden uptick in the up employment rate,ings to that trigger or pop up in the national numbers or is there a lag effect? what do you see? >> well, there's certainly a lag effect to some degree because there are different economic factors going on in different states. we talk about this before. all the fracking has poshed then unemployment rates in dakotas, but at it gone up, especially in states next door. but for anybody to sit here and tell you that fundamentals are changing as a whole across the nation are as misdenge
we all know the bad numbers out of the economy in the last couple quarters, being run over by some of these media folks -- look no further than the unemployment rate which is a fancy way of saying all the people that are either parttimers that want fulltime, or all the people that have just been so discouraged, they have given up looking for work. the number is over 14%. so while the unmomentum rate is celebrated at a post recession low, we're still about mid-teens for unemployment as a real...
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Mar 19, 2013
03/13
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economy our main problem is nobody is really talking about job creation. that the biggest threat that we're facing to the future is the fact that we still have really 25 million people unemployed or underemployed. that's a much more serious problem. >> the fed is talking about it. >> washington is not focused on it. and the whole sequester debate, the real crisis is the jobs crisis. ironically when people leave office they begin to talk about it. like samuels. he's been talking more about the fastest way to reduce the deficit is to grow the economy. >> right. arianna is going to be sticking around. we'll continue this conversation after a short break. >> coming up, mindful leadership. today's corporate leaders will try to increase innovation, productivity and wellness among employees. and money madness is here. we're looking at some of the most widely held stocks and letting you know which will come out at the end of the year. and two mobile giants. "squawk box" will be right back. [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ a
economy our main problem is nobody is really talking about job creation. that the biggest threat that we're facing to the future is the fact that we still have really 25 million people unemployed or underemployed. that's a much more serious problem. >> the fed is talking about it. >> washington is not focused on it. and the whole sequester debate, the real crisis is the jobs crisis. ironically when people leave office they begin to talk about it. like samuels. he's been talking more...
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Mar 21, 2013
03/13
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FBC
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at t.owe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully beore investin i'm breathing better. adv, so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medicatio, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won replace fast-acting inhalers for sudden symptoms and should not be used more thanwice a d. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask yo doctor if including advair could help improve your lu
at t.owe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully beore investin i'm breathing better. adv, so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd...
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61
Mar 23, 2013
03/13
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FBC
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it will be great for the economy. we will hope that this is something that will be a start for all of us. neill i don't think the government cares. i think coming to new york and hearkening back the days of johnny carson. you know, i don't think it's fair or right, but i do think it is that retailers make up almost 60% of the volume in this country. >> okay. >> would you go to new jersey? would you leave the city? >> no. neil: do they know that? he is an institution. so he will complain. >> we are still investing regardless. we are painting and putting new fixturing. if you continue to do that, we will give you tax credits and hopefully something wi be happening. neil: how are things in new york right now? >> i think people realize when the government added a 2%tax -- an effect. plus you have the delay of the refund checks to the consumer. on top of that, you have washinon that is dysfunctional. >> is a lot of this discretionary income. if you're pinching that come your pinching yo customer. >> parents will always buy
it will be great for the economy. we will hope that this is something that will be a start for all of us. neill i don't think the government cares. i think coming to new york and hearkening back the days of johnny carson. you know, i don't think it's fair or right, but i do think it is that retailers make up almost 60% of the volume in this country. >> okay. >> would you go to new jersey? would you leave the city? >> no. neil: do they know that? he is an institution. so he...
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Mar 24, 2013
03/13
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MSNBCW
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it affects the economy. the economic quality of the city. secondly, it is -- it is an air quality issue. weigh want to get people out of their cars. thirdly, you create living wage jobs. i don't think that there is a constituency for it. they don't have lobbyists. people use mass transit. organize mayors around the country to go to washington and raise our voice for adequate funding of mass trance. >> it what you are seeing there is a graphic of where funding for mass transit comes from and it is the federal government has gone up a little bit but really state and local have to take more and more share. huge item of the city. new york city subway system, one of the miracles and history of the world. most incredible thing that it works all the time. day and night. one fare. cost of a slice of pizza. >> all it takes is a 10% shift in federal transportation funding. away from highway construction to mass transit. it will solve all the problems. >> in new york, you know, looking for ways to be able to fund mass transit, i suggested it for a few
it affects the economy. the economic quality of the city. secondly, it is -- it is an air quality issue. weigh want to get people out of their cars. thirdly, you create living wage jobs. i don't think that there is a constituency for it. they don't have lobbyists. people use mass transit. organize mayors around the country to go to washington and raise our voice for adequate funding of mass trance. >> it what you are seeing there is a graphic of where funding for mass transit comes from...
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Mar 20, 2013
03/13
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>> i think the economy's getting better. i think the job market is getting better and the housing market is getting better, but i don't think the fed sees it that way. i think the fed sees the employment to population ratio. you have virtually no recovery in the last three or four years. you look at labor force participation and that's down. so they're very, very comfortable, i think in maintaining this easy policy because they think that's what's needed to keep this recovery going, and i think they're going to be comfortable because core inflation is 1.5% year on year. >> i think there's a possibility of more dovish. we're not sure that the data is sound. maybe there will be giveback in the spring and if he starts mentioning the sequester and the need to hang in there with full force, that, ironically, could be very positive for this market. >> absolutely. i think his statements today, the press conference will be very dovish. he can point to downside risks and lump cyprus into that scenario and maintain this easy stance. t
>> i think the economy's getting better. i think the job market is getting better and the housing market is getting better, but i don't think the fed sees it that way. i think the fed sees the employment to population ratio. you have virtually no recovery in the last three or four years. you look at labor force participation and that's down. so they're very, very comfortable, i think in maintaining this easy policy because they think that's what's needed to keep this recovery going, and i...
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Mar 23, 2013
03/13
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FBC
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i can't imagine why peter would want to live in this economy. my, god, why not go off and live over the, you know, put his residence on top of that offshore bank and make sure he manages it well, have a good time. this is an absurdity of the this is -- if anything, right now, the united states, we have a market for which there is a premium for security, and for responsibility, and as -- as we listen to all of these sort of, what i call the neocons of economics, nonsense, the reality is that we're getting better, we're getting stronger. we are solidifying progress, and cypress will be a -- won't even be a footnote a month from now. the european union is asseing leadership and it is coming to its enses about how to build a better future for what's been a very difficult, i mean, think of the complexity of what they are managing there compared to what we are doing. shibani: absolutely. you can't compare them. there's strength in the dollar, the markets are near all-time highs, and recovery, and there's pockets of the economy. way we still see, you s
i can't imagine why peter would want to live in this economy. my, god, why not go off and live over the, you know, put his residence on top of that offshore bank and make sure he manages it well, have a good time. this is an absurdity of the this is -- if anything, right now, the united states, we have a market for which there is a premium for security, and for responsibility, and as -- as we listen to all of these sort of, what i call the neocons of economics, nonsense, the reality is that...
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Mar 18, 2013
03/13
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it is the banking system the size of this economy, you talk about the fact that large percentage of the deposit are outside attempting to trick the nation and the bank in the unique way. i sure hope they backpedal on insurance deposits, that would provide a little bit of stability and i hope they suggest this is not something we're looking to do broadly across the euro zone nations. melissa: do you think they will do that, or do you think the opposite, that other people follow suit? this is really unprecedented. they're basically skimming people's bank accounts. >> i agree with both of you, which is always a good thing to do. the fact is they will try to reassure people this is a one off thing. they have rung the spell. now people know especially larger depositors know if they're in italy or spain they could be hit by this. the one thing we have not mentioned is russia. love those large deposits are from russians. including those who had taken the money. the fact they're taking a haircut is not anything people want to cry tears over, the thing is now that we have crossed this red line,
it is the banking system the size of this economy, you talk about the fact that large percentage of the deposit are outside attempting to trick the nation and the bank in the unique way. i sure hope they backpedal on insurance deposits, that would provide a little bit of stability and i hope they suggest this is not something we're looking to do broadly across the euro zone nations. melissa: do you think they will do that, or do you think the opposite, that other people follow suit? this is...
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multinationals productize economy and of course to a great read has a lot to break there are no we say we keep saying rebels but really is there a mix of moderates to al-qaeda link exam is again can you hear them together you know is there is a simple answer to that because what we as we say what we call the rebels are very wide ranging group of people from radical islamists al-qaeda groups to moderate islamists to people who are very very anti american to be very pro-american and he's got an impossible task and the and the biggest bomb he's got is of course that the rebels don't have majority support in syria they don't this is that the this is why this conflict is still going on because it present assad was an unpopular as the u.s. would like us to believe in britain like instability then present as i would have gone by now the fact is is that he does have sizable support in the country people in syria look at the rebels and say no sags we don't want these people they're very good by the beacon of what we're going to get we going to get radical islam we're going to get who knows what
multinationals productize economy and of course to a great read has a lot to break there are no we say we keep saying rebels but really is there a mix of moderates to al-qaeda link exam is again can you hear them together you know is there is a simple answer to that because what we as we say what we call the rebels are very wide ranging group of people from radical islamists al-qaeda groups to moderate islamists to people who are very very anti american to be very pro-american and he's got an...
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Mar 20, 2013
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but i thinkure underlying economy as long as we stay in the free market and let people go out earn money and change the world, we'll come out ahead, a third of theillionaires reside in u.s., there is a reason, we have that free market capitalism that animallistic spirit, that bridges our country ahead of the game not some government interference or program. neil: well, i hope you are right, monica, in the meantime the government is crowding out the capital, right? it is maybe we've gotten used to that. it is like beating your head against the wall, when you stop, you still have a gaping wound but you feel better. i'm wondering whether we have a false assurance here? >> i don't feel like i have any kind of assure answer from anyone, both of the budgets not only house democratic budget but republican budget are asking for very contentiousesques one wants to us get rid of obamacare, that was a big struggle and the other wants to us get rid of the sequester cuts, which we've been haranging about for weeks now. neil: that just wastes time, every time they do that and add to more spending, we
but i thinkure underlying economy as long as we stay in the free market and let people go out earn money and change the world, we'll come out ahead, a third of theillionaires reside in u.s., there is a reason, we have that free market capitalism that animallistic spirit, that bridges our country ahead of the game not some government interference or program. neil: well, i hope you are right, monica, in the meantime the government is crowding out the capital, right? it is maybe we've gotten used...
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Mar 21, 2013
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neil: first day of spring, and is the economy springing back? unemployment down, but a couple of thorns in this otherwise rosy news. fedex's quarterly profit diving by a third now warning this year could be dicey, and next year may be dicier. restaurants seeing the worst sales in three years. market watcher francis newton and whether you should be worrying back with john, and richard benjamin. francis, you're getting worried? >> absolutely. it's ancient dow theory. since when is cost cutting equal profits or equal prosperity? it equals profits in some cases, but not prosperity. the shoe is kind of starting to drop. dow theory covers two components. it covers the loss in production and also the consumer side of it. if companies are choosing freight over express airmail, why are they doing that? what's the incentive behind that? and, again, the dow transports show there's international weakness, so it's sort of, like, a matter of time. we have fiscal issues and now we're starting to see some weakness in the dow theory. neil: you know -- >> keep wa
neil: first day of spring, and is the economy springing back? unemployment down, but a couple of thorns in this otherwise rosy news. fedex's quarterly profit diving by a third now warning this year could be dicey, and next year may be dicier. restaurants seeing the worst sales in three years. market watcher francis newton and whether you should be worrying back with john, and richard benjamin. francis, you're getting worried? >> absolutely. it's ancient dow theory. since when is cost...
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Mar 24, 2013
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if the economy gets stronger interest rates will go up but also if the economy gets stronger we will have more revenue and then i start to become a deficit hog. by no means am i saying we have to stay in this expansion mode under all reasons. the idea that we will be facing higher rates is belied by history. look at japan. they have been running deficits twice the debt burden that we have. still low interest rates. it's not a story that you should place a lot of weight on. by the way, the projections right now, about what the interest burden on the federal budget will be in the year 2023, they say it will be as high as it was in 1991, 1992. we actually had interest payments over 3% of gdp under bush one and then came way down. so when people say look at the scary numbers about rising interest payments, the scenario we are supposed to be afraid of are the things going back to the way they were 20 years ago which doesn't seem all that scary. >> let's look at. that we have a chart with precisely that. this is the net interest payments and this is assuming fairly modest rate increases. w
if the economy gets stronger interest rates will go up but also if the economy gets stronger we will have more revenue and then i start to become a deficit hog. by no means am i saying we have to stay in this expansion mode under all reasons. the idea that we will be facing higher rates is belied by history. look at japan. they have been running deficits twice the debt burden that we have. still low interest rates. it's not a story that you should place a lot of weight on. by the way, the...
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Mar 26, 2013
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people are feeling a lot of uncertainty about this economy. and while they look at the stock market, they scratch their head going, gosh, that's great, but i can't make a trade and trade out of it quickly. this, a real estate transaction, is the longest term, longest term investment anyone can make. and people are wisely thinking about it and looking at all the economic data points that you guys cover so well, each week, each day, each minute. and they're going, you know what, good indication that property values are going up. but i don't see a reason to race out there and put myself at risk again. and that's those that have good credit. those that don't have good credit, don't even have that as an option. >> and steve, the jobs market has to be a big correlation of this as well? >> absolutely. that's something that disqualifies certain people, especially, by the way, if they just recently got a job. they would not qualify for, say, a refinancing or additional credit. i also think, guys, neither of these two gentleman mentioned education. i th
people are feeling a lot of uncertainty about this economy. and while they look at the stock market, they scratch their head going, gosh, that's great, but i can't make a trade and trade out of it quickly. this, a real estate transaction, is the longest term, longest term investment anyone can make. and people are wisely thinking about it and looking at all the economic data points that you guys cover so well, each week, each day, each minute. and they're going, you know what, good indication...
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Mar 21, 2013
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we'll keep a close eye on all the developments and the president's trip and whether this economy is going to go up. tomorrow, a look at numbers you don't really quite see all the time that might beg that issue.y ♪ here's gerri willis. >> good evening, everybody. tonight, a cyberattack paralyzes banks an media companies in south korea. who is behind it? could it happen here? also, putting the brakes on high frequency traders. are they breaking the law and stealing your money? a new policy from one of the country's biggest companies. tell us your weight and body fat or face a fine. "the willis reprt" is on the case. >> all that and more, but first, a top story, a warning for you and your money, a big cybersecurity threat could be headed our way, at least two major banks and three television networks in south korea reporting their computer networks crashed. officials there speculate it was all at the hands of sib terrorists from north korea. many bank customers were unable to use debit or credit cards. imagine that, atms shut down for hours. the invesgation ongoing at this time, but a big
we'll keep a close eye on all the developments and the president's trip and whether this economy is going to go up. tomorrow, a look at numbers you don't really quite see all the time that might beg that issue.y ♪ here's gerri willis. >> good evening, everybody. tonight, a cyberattack paralyzes banks an media companies in south korea. who is behind it? could it happen here? also, putting the brakes on high frequency traders. are they breaking the law and stealing your money? a new...
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Mar 23, 2013
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economies. where are those bold innovative companies. and i would make another footnote about the buybacks. yes, record numbers since 2009. but that is because the feds are buying back their own shares. they say let them pass the stress test. they really struggle and diluted earnings per share. diluted their capital base with a lot of shares during the crisis. they have basically flooded the market to recapitalize and buying it back. the. neil: in cyprus explodes and banks reopened, let's see what happens to the residents of cyprus. people say oh, we are there for you. then you realize that they say d write. the rest are iphone. gerri willis will be back on monday. thank you for joining us. lou: god evening, everybody. presidenobama wrapping up his middle eastern tour with a stop in jordan today. a nation wracked with turmoil as syrian refugees are pouring across the border, fleeing the violence being inflicted by the bashar al-assad regime. president obama expressing frustration with those who question the president about why the united
economies. where are those bold innovative companies. and i would make another footnote about the buybacks. yes, record numbers since 2009. but that is because the feds are buying back their own shares. they say let them pass the stress test. they really struggle and diluted earnings per share. diluted their capital base with a lot of shares during the crisis. they have basically flooded the market to recapitalize and buying it back. the. neil: in cyprus explodes and banks reopened, let's see...
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to violate these rules that violation is interpreted in strange ways by the different players in an economy it's an irrational way to manage a capitalism that is always unstable and unpredictable so i would like to mention something about the cyprus event i think it's enormously important much more that's been understood first of all the the government of cyprus agreed with europe to impose these levees on the depositors of their own country they were planning to do that hope they'd be no trouble and had originally scheduled for their banks to open tuesday yesterday when the cypriot people said no way you are not going to make us pay for a crisis we didn't cause and bailouts that we never benefited from suddenly the politicians and the bankers who had gotten together to do this were defeated and they were defeated in a very important way by an uprising of the mass of people who simply said no we won't tolerate it that's why the bank holiday was extended first from tuesday then to today then to tomorrow now to next week this is a governmental control apparatus of this capitalist system that
to violate these rules that violation is interpreted in strange ways by the different players in an economy it's an irrational way to manage a capitalism that is always unstable and unpredictable so i would like to mention something about the cyprus event i think it's enormously important much more that's been understood first of all the the government of cyprus agreed with europe to impose these levees on the depositors of their own country they were planning to do that hope they'd be no...
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Mar 19, 2013
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it was not a good idea to do it this way, as for 2014, i thi it depends on the circumstances in the economy. if there is more obama fatigue. lou: can i say, watching the republican party with all prevail -- tre veil, i think that everyone better give up on idea of doing anything with the democrats and letting the economy doing the intellectual heavy lifting for the republican party, they better get ready to go. because, this is not going to be a default election, just as 2012 was. i have to -- i hate to do it, but we have to right there. anyway, thank yo thank you very, that is it for us, we hope you will be us tomorrow, congressman frank wolf of join us. on what is going on in the obama justice department, from new york. york. >> you know every liberal's dream that government seizing your money out right, there is nothing you can do about it. now no cyprus they could find out the hard way, this tiny island nation sent a tsunami shockwave to the rest of the world, keeping the banks closed until they find a more palatable way to. welcome i am neil cavuto, you got 10 grand in a bank account.
it was not a good idea to do it this way, as for 2014, i thi it depends on the circumstances in the economy. if there is more obama fatigue. lou: can i say, watching the republican party with all prevail -- tre veil, i think that everyone better give up on idea of doing anything with the democrats and letting the economy doing the intellectual heavy lifting for the republican party, they better get ready to go. because, this is not going to be a default election, just as 2012 was. i have to --...
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Mar 19, 2013
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what does it mean for the economy? the human toll is devastating and makes us all shudder to see the pictures. this is a show about "money". we want to make sure we discuss that. what does decivilization mean for the economies of the region? >> well, because you have sort of the shia-sunni axis splitting right in the middle of syria you will see the arab sunni states, the gulf states getting involved. they may find the destabilization prevents transport of oil like it used to. they jack up prices to get world attention and also because maybe they will have to as the region becomes destablized with iraq and iran involved. so at the end of the day i think you're going to see, your segment with boone pickens was so right on the money, we have to find alternative. if there is any message not only to get involved, i pray that the obama administration realizes we need a no-fly zone. we need to arm the rebels about. this is not exact science what to do there. we need to take sides. the darwin one evolution what is happening i
what does it mean for the economy? the human toll is devastating and makes us all shudder to see the pictures. this is a show about "money". we want to make sure we discuss that. what does decivilization mean for the economies of the region? >> well, because you have sort of the shia-sunni axis splitting right in the middle of syria you will see the arab sunni states, the gulf states getting involved. they may find the destabilization prevents transport of oil like it used to....
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Mar 19, 2013
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and the economy has improved and it's not been great. i think it gets better now finally because housing is finally at the point where no one is questioning whether it's recovering. they are just questioning the speed of the recovery. but, again, until the fed actually pulls back from some of this extraordinary easing, many investors, especially on the equity side of the business, will question the sustainability the rally without the fed propping it up as much as some people think it is. >> if we took the fed out of the equation, joe, is there anything else out there that could potentially be negative enough, maybe even something we haven't encountered yet, that could make this market come unstuck? >> i think it would have to be something geopolitical, some on the oil front. certainly there is some fear in asia we relations to the japanese and chinese. no, i don't think so, mandy. we're still in a very solid, cyclical spot. >> i think the issue, guys, is when you ask that question, mandy, the correct question is, joe, if there was 3% gd
and the economy has improved and it's not been great. i think it gets better now finally because housing is finally at the point where no one is questioning whether it's recovering. they are just questioning the speed of the recovery. but, again, until the fed actually pulls back from some of this extraordinary easing, many investors, especially on the equity side of the business, will question the sustainability the rally without the fed propping it up as much as some people think it is....
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Mar 20, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-ye lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their busine
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-ye lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two...
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Mar 25, 2013
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the economy, even the sequester. the def is icit as well. these are the things that a multi-facetted investor thinks about. >> well, i'm very passionate about this stuff. i believe that our government should intertwine the education and economy in one package nape should almost be places that are merged together in how they respond to things. we no longer have the luxury of having our economy and what we do on that side separate from the educational side. let me be very specific. right now there's probably approximately 20% unemployment rate if you're not a high school graduate in this country. that's approximately 5% if you're a college graduate. one other very telling statistic, 75% of young americans between the ages of 17 and 24 cannot even enlist in the military because there are three requireme requirements, high school graduate, no criminal record and you have to be physically fit. that to me are the problems we need to focus on instead of being so focused on what the employment rate is today but how do we fix it in the long term? >>
the economy, even the sequester. the def is icit as well. these are the things that a multi-facetted investor thinks about. >> well, i'm very passionate about this stuff. i believe that our government should intertwine the education and economy in one package nape should almost be places that are merged together in how they respond to things. we no longer have the luxury of having our economy and what we do on that side separate from the educational side. let me be very specific. right...
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Mar 19, 2013
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i don't see an economy that's a world economy that is growing. it could generate easily 5% to 6% earnings growth given what we've cut to the bone in corporations. >> the economy has nothing to do with it stipes. we still aren't doing efficiencies put in place. earnings were supposed to stop growing and they have not stopped growing and we're still surprised on bounce and there's still an upward slope on forward earnings expectations and my guess is it will be more right in the multiple. >> because of europe, i think multiples are ephemeral things. they sort of come and go and it's what we think at any given time. earnings are earnings >> in terms of the sectors that will lead us to 2000. by the way, i'm curious, how often do you make projects that go so far and how often are they close to reality? >> i changed them by the time we get there. >> oh, good man. to be honest it's not that far. it's the end of next year and it's not a seven-year projection and we are pushing it to get there. it's a symbolic thing and we're trying to show that the marke
i don't see an economy that's a world economy that is growing. it could generate easily 5% to 6% earnings growth given what we've cut to the bone in corporations. >> the economy has nothing to do with it stipes. we still aren't doing efficiencies put in place. earnings were supposed to stop growing and they have not stopped growing and we're still surprised on bounce and there's still an upward slope on forward earnings expectations and my guess is it will be more right in the multiple....
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Mar 20, 2013
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economy. maybe a little bit of help from heaven. back over to you. >> the archbishop, this is something people should go look up this piece of the story. this is a fascinating piece. he's seen as this spiritual leader there who has been quite vocal. he's been out there talking saying let's get out of the euro and go back to the pound. do we have carolyn? can i briefly ask what it's like on the ground there? we understand that it may be several more days, not just thursday, before people can access their money in cyprus. >> absolutely. initially we know that banks were going to be closed up until tomorrow but at this point there's a lot of speculation that banks will be closed up until tuesday because monday is another bank holiday and at this point it's very, very uncertain that we'll get a viable plan b to get the bailout deal in place at this point it doesn't look like we'll get it by tomorrow. at this point we are expecting that banks are going to be closed for a little bit longer. of cours
economy. maybe a little bit of help from heaven. back over to you. >> the archbishop, this is something people should go look up this piece of the story. this is a fascinating piece. he's seen as this spiritual leader there who has been quite vocal. he's been out there talking saying let's get out of the euro and go back to the pound. do we have carolyn? can i briefly ask what it's like on the ground there? we understand that it may be several more days, not just thursday, before people...
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Mar 21, 2013
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economy's improving. but we still have fundamental issues in the structure of our economy, imbalances. we are not out of the woods yet. we're not in self-sustaining recovery. we need to start to see that to become increasingly more bullish on the financial markets. >> that was really good. you're a good double act. we should have you on more. thank you both. brian and chad. have great days. >>> seven years ago today twitter co-founder jack dorsey sent the first tweet writing just setting up my twitter. since then the media giant has become a staple for millions. it has transformed the way people communicate so what could twitter do in the next seven years? tweet us @squawkstreet. >>> the market is accelerating downward, now down 67 points. let's get a "market flash" from josh back at hq. >> juniper networks is under pressure this morning. analysts at fbr not fans saying we are the end of an era as routers and switches are set to decline. fbr downgrades juniper and cisco toeon perform. the company's fbr sa
economy's improving. but we still have fundamental issues in the structure of our economy, imbalances. we are not out of the woods yet. we're not in self-sustaining recovery. we need to start to see that to become increasingly more bullish on the financial markets. >> that was really good. you're a good double act. we should have you on more. thank you both. brian and chad. have great days. >>> seven years ago today twitter co-founder jack dorsey sent the first tweet writing just...
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Mar 21, 2013
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economy. or is about the european debt crisis and slumping steaks -- tech stocks are weighing on the market. the major averages are all on track to finish in the red. nike running lower ahead of third quarter earnings due out after the bill today. the global sports apparel at the where companies expected to report earnings per share of $0.67 on just over 6 billion in revenue. nike has had a good track record , beating in three of the last four quarters. getting your starbucks fix could use some free joke. the coffee chain expanding its popular customer rewards program. shoppers dinner points for free drinks and food after buying starbucks back coffee at the food store. and now we continue our "countdown to the closing bell" with sheryl. ♪ cheryl: clinical trials of the prescription. shares of acadia pharmaceuticals soaring to a new height. let's head back to nicole petallides on the floor of the new york stock exchange. >> reporter: l.a.'s taken fund selected a company that is building in ma
economy. or is about the european debt crisis and slumping steaks -- tech stocks are weighing on the market. the major averages are all on track to finish in the red. nike running lower ahead of third quarter earnings due out after the bill today. the global sports apparel at the where companies expected to report earnings per share of $0.67 on just over 6 billion in revenue. nike has had a good track record , beating in three of the last four quarters. getting your starbucks fix could use some...
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Mar 25, 2013
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is it going force the economy into recession? >> oh, deep. deep recession. there are predictions of a decline of more than 10%. it makes up 50% of this economy. it's going to be catastrophic, absolu absolutely. as we saw, the comments about a template are really throwing it in the works, but we seem to be coming back a little bit now. how are the markets realing this? >> it matters whether it is or isn't. i appreciate the attempts to finesse this. then when we got the clarification from his office, which is really him. is it his aide or him? the markets came up. and no models or templates are used. you can see how confused the markets are on this. you can see u.s. financial stocks. but more importantly we also came off the lows in european stocks. these are italian stocks to trade here. ewi is the symbol here. same thing coming right off of the lows. >> bob, thank you so much for that. let's bring in the president of mercadian asset management. let's just move away from cyprus for two seconds. we really need some good news at this point. more than momentum.
is it going force the economy into recession? >> oh, deep. deep recession. there are predictions of a decline of more than 10%. it makes up 50% of this economy. it's going to be catastrophic, absolu absolutely. as we saw, the comments about a template are really throwing it in the works, but we seem to be coming back a little bit now. how are the markets realing this? >> it matters whether it is or isn't. i appreciate the attempts to finesse this. then when we got the clarification...
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Mar 21, 2013
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economy has gotten stronger. today's economic data may back their theory but with sequester cuts just beginning to roll out and poor guidance from some of the world's largest companies, how long will it last? we'll ask top economist jeffrey cleveland. sandra: pay tv providers losing customers according to a new study. later in the show one of the top analysts on the street will give us a look into the future of television and tell us what companies will suffer and which ones will come up on top. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go t to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. and make your business dream a reality.
economy has gotten stronger. today's economic data may back their theory but with sequester cuts just beginning to roll out and poor guidance from some of the world's largest companies, how long will it last? we'll ask top economist jeffrey cleveland. sandra: pay tv providers losing customers according to a new study. later in the show one of the top analysts on the street will give us a look into the future of television and tell us what companies will suffer and which ones will come up on...
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Mar 20, 2013
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, finite possibilities. >>> from our fox business studios in new york, here, again, is gerri willis. gerri: well, another record day for your 401(k). the dow hitting another all time high up 56 points, and the s&p and nasdaq ending the day in green territory. good news, but we have bad news. head's up investors, high frequency trade firms could put you and trades at a big disadvantage. it's a wash trade. when traders acted legally as the buyer and seller for the same transaction driving volumes and distorting prices. the cftc on the case. we have details of the investigation and what it means to you. bart, great to have you on the show. thanks so much for coming on. explain the wash trades. what are they? why are they eel lisle? >> well, you explained it well, gerri. it's actually when you offer to buy and you sell at the same time. you just cancel each other out. you are not taking risks in the markets, and it creates a false volume, and there's all sorts of fancy terms for w
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, finite possibilities. >>> from our fox business studios in new york, here, again, is gerri willis. gerri: well, another record day for your 401(k). the dow hitting another all time high up 56 points, and the s&p and nasdaq ending the day in green territory. good news, but we have bad news. head's up investors, high frequency trade firms could put you and trades at a big...